Professional Diversity Network (NASDAQ:IPDN) Issues Earnings Results

Professional Diversity Network (NASDAQ:IPDN) released its quarterly earnings data on Tuesday. The information services provider reported ($0.53) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $1.67 million during the quarter. Professional Diversity Network had a negative net margin of 67.01% and a negative return on equity of 81.86%.

Professional Diversity Network Price Performance

IPDN stock opened at $1.14 on Thursday. Professional Diversity Network has a 1 year low of $0.96 and a 1 year high of $12.39. The company has a market cap of $5.56 million, a P/E ratio of -0.58 and a beta of 1.89. The stock’s fifty day moving average price is $1.36 and its 200-day moving average price is $2.02.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Professional Diversity Network in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Professional Diversity Network

An institutional investor recently raised its position in Professional Diversity Network stock. Geode Capital Management LLC raised its stake in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,785 shares of the information services provider’s stock after purchasing an additional 15,625 shares during the quarter. Geode Capital Management LLC owned about 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent reporting period. 27.75% of the stock is owned by institutional investors.

About Professional Diversity Network

Professional Diversity Network, Inc (NASDAQ:IPDN) is a provider of online career marketplace platforms designed to connect underrepresented talent with employment opportunities across various industries. Through its flagship PDN network, the company facilitates targeted recruiting solutions for organizations seeking to build more diverse and inclusive workforces. Its services include employer-branded career sites, targeted job advertising and custom recruitment campaigns tailored to attract diverse candidates, including women, minorities, veterans, people with disabilities and LGBTQ+ professionals.

The company’s portfolio encompasses a series of specialty job boards and career networks, each focused on specific demographic segments.